Real Estate Agent Stockdale borough

The Real Estate Agent industry in Stockdale borough is a type of real estate that has undergone a massive revolution in the recent years. Globalization and industrialization can be considered as two of the significant parallel factors behind the occurrence of the same. There are ample factors that have been responsible for affecting the condition and nature of the landed-property domain and have made it comparably complicated than before. On that note, it is becoming difficult for people to choose where and how to invest their money. Well, Real Estate Agent wants to invest in a property to get a higher ROI, and this article is going to talk about the tips and bits of the upcoming scenario of the landed-property industry and the tactics of investment in the same.

It is necessary for investors to understand that the business of real-estate might look transparent from a regular perspective with a robe of simplicity on. However, certain crucial aspects need to be investigated before investment in any property. The idea applies for all types of investment in the Real Estate Agency niche, fact that includes commercial, industrial and residential. There are no specific predictions that can be concluded to. However, certain benchmarks and estimations can be considered to reach to a more or less precise forecast. Investments do not always promise luck, but as a purchaser, you definitely have the liberty to choose the best place to make a residential investment. On that note, the industry of real estate in Mexico has been running at the peak satisfying most investors at the present time.

As mentioned before, the landed-property industry has ample complications attached to it if you are not planning your approach in a comparably wise way. The foremost concern that will likely present you with a satisfactory return or a punctual arrival of rent is to invest in the right place. Investors often make the mistake of not being aware of the occurring evolutions in the landed-property industry around and rushing into a decision of making an investment in a property that might not be worthy which eventually leads to a fruitless exercise. As already mentioned before, the domain of real estate in Mexico is one of the finest examples of appropriate residential investments in the present time and is also considered to maintain a similar record in the upcoming years.

Some of the core to extensive changes in the paradigms of the landed-property industry, in a nutshell, involves an increase in the mortgage rates, a possible future effect on the passing of tax laws, increasing of landed-property properties in specific locations. So, in this saturating market scenario, it is wise for investors to be hyper-aware and take each step with a certain level of precaution and estimation. One of the finest approaches to make a smart purchase would be to perform extensive research on the current market to settle for the choice. The process might be conventional, but there is nothing like self-analysis at the end of the day.

What is a Real Estate Agent Release Agreement in Stockdale borough?

The real estate market is one of the rapidly growing industries in the world. Whether the economy is improving or suffering, you will notice that the real estate investments will always be profitable. There are many individuals that are planning to invest in the real estate market because of the profit that they will be able to generate in limited time.

I had heard this, I caught thebug and basically in a short period of time,I bought 25 homes.

Happened over 4 and a half year period of time.

I always citewhat happened at the age of 26 because that's when everything in my lifechanged.

I graduated from college, I retired, I quit my job, I had a $12,000residual income from my homes and it's because I had a game plan that I wasfollowing.

Over the years, I've had a lot of people asked me, "Kris, what's my gameplan?" Or like, "How, could I do it or what if I wanted to do it different? What if Ididn't want to move? What if I can't rent basement apartments in my area? What ifmy father-in-law couldn't partner with me?" You know, you've heard my story andyou could.

You could look at it and say, "Oh, my gosh! Kris, you got freaking luckylike lucky dog.

Give me someone young, give me someone old and I cancreate a game plan that can help you create wealth.

I know this because I'vedone it for thousands of people.

Which is why I've transacted hundredsand hundreds and hundreds of millions of dollars worth of real estate.

Buildingvery successful real estate portfolios.

Today I want to share with you adocument that I've created and we're going to do it in video form where I wantto introduce you to the ultimate game plan for you.

Meaning, wherever you're at financial in your life, how do we help you create alife filled with everything that you want.

At 26, I became a free man.

I nolonger needed a job.

I could freaking decide what I wanted to do with my lifewhere I wanted to do it, when I wanted, with who I wanted.

And that's the kind offreedom that is more important than the million dollar homes that I've owned andlived in and the travel that I've done and the countries I visited and the nicecars that I drive.

It's all important but nothing compared to having a plan to getyou there.

So today, we're here to talk to you specifically about your plan on howyou can create really honestly the life of your dreams.

So right now, the ultimatereal estate game plan, it has 4 specific components that I want to sharewith you.

And before I do, I just want to ask you a question, "Why do you want realestate to give you everything that you want in life?" Like what will drive you?What's motivating you? Are you hungry? Because if you're not, doesn't matter what Ishare in this video next.

You won't take action on it.

So I'm calling you out andI'm saying listen.

Because at the end of this video, I am going to let you be oneof the first to download my brand new document for free on the ultimate gameplan.

So you can figure out exactly where you're at in life and how to get exactlywhere you want to go.

Now, four steps to make this happen.

Now you're going to wantpen and paper.

This first step of the four is called Game Plan Criteria.

Thisdoesn't be very specific.

You can't just go out there and buy real estate.

That'snot what I'm talking about.

Specifically, we're actually talking about one singlefamily homes.

2, buying them below the median and number 3, we're talkingabout a minimum of a 3-bedroom one-bath up to a 5 bedroom two bath.

Now, this is very, very, specific for a reason because if it's a single-familyhome, not a duplex, not a townhome.

Below the median means below 230, to 250 thousand dollars.

And I want it to be entry level of3-bedroom 1-bath on up for whatever you can buy between there and the median.

I'mnot going to go into all the reasons why that's the sweet spot but if yousubscribe to this channel and watch all my videos or if you download my book, TheStraight Path To Real Estate Wealth.

Audio book, e-book, physical book.

Get thatin your hands and you'll actually get to read the science behind what I'm sharingright now.

You're just going to have to take my word for it.

That what I'm sharing isthe ultimate real estate game plan.

You've got to have the right criteria.

Okay.

Number 2, you've got to buy that real estate in a way that it produces acompounding ROI of 15%.

Now, ROI, how do you calculate that? In thedocument I give you at the end of this video, you're going to be able to calculatethat.

But basically just like any business, profits minus expenses meansomething.

You're going to put somebody's money into buying a house that meetsthis criteria and it's got to have a 15% ROI.

If you remove thecompounding aspect, that basically means your money's got to double every 5years.

15% year over year over year means that your money doubles.

So, if someone put money into a property then the goal is to getit to grow 2 fold every 5 years.

Now, at the end, I'm going to show you anaccelerant to go way even faster than that.

But someone could take a hundredthousand and turn it into 200,000.

Someone could start withnothing like me or technically you know, $4,000 and turn that intoa million dollar.

So you don't need money for this to work but you do need to buyproperties that have this kind of ROI.

I will show you how to do that.

Okay, thethird step is that you've got to fund your properties.

Now, the biggest problemhere is people are like, "Okay, I followed your criteria,I found the property with the right kind of deal.

But when it came to money, Ididn't have money.

" I'm going to share with you 4 strategies.

" 2 require you tohave money, 2 require you to not have money and I don't care which one you do.

When it comes to having money, number 1, you can either put 3% down on a primaryresidence.

That means that it's a home you're going to move into because 3% downis normal.

Number 2, you put 20% down and do conventional financing.

This iswhat banks want to look for when they give you money.

Buy a $200,000 house, theysay, "I want 40 grand down.

" You either have that money sitting in 401Ks, IRAs,annuities, home equity, savings, some kind of asset.

Number 3, you're saying,"Kris, I do not have money.

" Great, I didn't either.

So number 3 is you follow mypartner system.

You watch my videos on partnering and you basically work withpeople where if you've got the deal and they've got the money.

You put the 2together and you've got a match made in heaven.

Actually let them partner withyou.

That's the third option.

And number 4 is what? It's a form of sellerfinancing.

Which is you find a house that doesn't need a down payment because theperson that owns it is willing to carry it for you.

Now, I know that some bigwords for all of you but it's explained in the 17 page document that you canactually download on kriskrohn.

Com.

It's in the link in the description below.

Hang tight with me, this is important.

These first 2 strategies, 3% or20% down is going to range anywhere from 5,000 to 50,000 dollars.

And you can use 401Ks, IRAs, Savings, home equity, things like that.

Or youpartner number 3.

Someone else that has the money or you do seller financingwhere you don't have to have any money either.

So you've got to no money downstrategies.

Between all four of those strategies, I do%100 of my real estate.

There's nothing that doesn't happen,there's no wealth that I create my world that doesn't happen by using one ofthose funding strategies.

Now, I'm sharing them with you because whether you gotmoney or no money, it just doesn't matter to me.

Also, age doesn't.

I want you to understand that loud and clear.

Someyou're like, "When I'm old enough I can do real estate.

" Okay, most people think youneed to be in your 30s and 40s and 50s to do real estate.

False.

The fourth stepto the ultimate real estate game plan that's going to be really important areyour accelerants.

How do you accelerate and how do you actually go faster inwhat I'm teaching you here.

So there are 3 different accelerants.

You want touse all 3 if you want to have maximum growth and go as fast you can.

The first one is what's called a refinance.

This is where after you'veheld the property for 2 or 3 years.

You can actually refinance and pull outyour down payment so you can keep the house, keep cash flowing it and move themoney into a second house.

The same dollar now has produced two homes.

Theymade babies.

It's like.

It's like rabbits multiplying, it's awesome.

Okay, if you'renot doing a refinance then I want you to learn how to do a 1031 exchange.

This iswhere you're going to sell the house.

Not pay capital gains.

You're going to roll itforward into more like kind properties.

Again, it's simple.

One property becomes2, 2 become 4, 4 become 8, 18 become? 16.

Know what this lastaccelerant, 8 can become a hundred.

And this is the partnering differential.

This is where you can actually take all of your real estate.

Maybe you bought 1,2, 3, 4 homes.

You say, "I want to go a lot faster.

" I show you how toactually bundle it up and showcase it to investors in a very fancy report.

In abusiness plan where you give it to them and say, "Wow! Check this out.

Knowing the criteria, get the 15%compounding ROI, getting it funded with one of the four funding strategies andthen accelerating it to the max with these three accelerators.

This rightthere means that in 5 years you can own a hundred properties or it means in10 years you could own 10 properties.

There is a way for you to move forwardright now.

There's a way for you to be buying real estate right now.

The timing in the market is perfect.

With my strategy, it's always perfect timingbecause it doesn't matter if the markets up or down.

And you can be creating thelife of your dreams right now.

You need a game plan, you need a strategy, you need amentor and I'm providing all of them to you.

Click the link in the descriptionbelow and then you can actually go to my website.

Download the game plan for free.

Read it.

Reach out and talk to my team and say, "Kris, the game plan makes sense,I want a mentor with you.

" And we'll share with you exactly how to do that or justuse the game plan and go crush it in real estate on your own.

A very critical concept in California Real Estate Law is the disclosure of agencies. In 1987 legislation was passed to protect home owners in regards to the agency status of their real estate professionals.

Agency is simply the relationship between the principle (the seller or buyer) and the real estate professional. In agency, the professional has a fiduciary duty to look out for the best interests of his/her principle. The fiduciary duty is defined as the 'duty of utmost care, integrity, honesty, and loyalty in dealings.'

There is a form that is used called the Agency Disclosure form (or AD for short.) This is the very first form that is used in every real estate transaction. It has 1 purpose: it discloses (makes openly known) the 3 types of agency that could happen in a real estate transaction.

1. Agent represents the seller only.

In this agency the agent for the seller represents only the seller. He has a fiduciary obligation to get the seller the best price possible for his home. He also has the fiduciary duty to make sure the seller understands all the forms he must sign. The agent serves to protect and promote the seller. In a fiduciary relationship the agent has an obligation to put the needs of the seller first above his/her own needs. He does not have a fiduciary duty to the buyer but does own the buyer the duty of fair and honest dealings.

2. Agent represents the buyer only.

This is the exact same as above except the agent represents the buyer only and has the fiduciary duty to get the home for the buyer at the best price while protecting and promoting his/her best interests. He only owes the seller the duty of fair and honest dealings.

3. Dual agency: agent represents both the seller and buyer

If a dual agency is formed it must be disclosed and agreed to by all parties of the transaction. A dual agency can never be done in secret. This dual status must be known because an agent will know confidential information about his principles. The disclosure forms states that an agent in a dual agency situation must never reveal confidential information to the other party without written permission.

The agency laws were put into practice to protect home owners and home buyers. It establishes that an agent must put the needs of the principle above his own. The law also makes the declaration of who represents who and in what capacity widely known. There are to be no secrets in a real estate transaction.

Dangers of Dual Agency

In most real estate transactions there is one agent representing a seller (aka sellers agent or listing agent) and another agent representing a buyer (aka buyers agent). However, at times, one agent might end up representing both the buyer and seller. This is called dual agency. It is perfectly legal but also can be filled with challenges. In California law, a dual agency status must be acknowledged and agreed to in writing by all parties.

To understand the potential challenge let's use this as a scenario: • The house is informally appraised and the fair market value seems to be $270,000 • The seller begins with a listing price of $275,000 • The real estate agent represents both the buyer and seller: a dual agency

It is not unusual in the beginning of the formation of a contract to purchase that the buyer will have his initial offer price and also a back up price in mind. He might tell his agent to offer $260,000 but would not go higher than $265,000.

If this agent represents both the buyer and the seller how does he approach the seller with that offer? He must tell him there is an offer of $260,000 but cannot reveal anything else without breaking his fiduciary duty to the buyer.

Now the seller does not want to sell the house at $260,000 and asks his agent what he thinks would be a good counter offer? Does the agent knowing the house is worth an estimated $270,000 suggest to him to counter at $270,000 and possibly lose the deal? This would be in the best interest of his seller. But he could also recommend the seller to counter at $265,000 knowing the deal would most likely close. This would be in the best interest of his buyer. He could even say, I cannot tell you what to counter it as which might not make his client too happy. The agents' fiduciary duties to both of them are in conflict.

Other challenges could crop up when further in the process it comes to other concerns; for example, repairs. The buyer might want a carpet allowance. So the agent needs to represent that need. But he also has the duty to get the most money for the seller. This is just an example of another challenge in dual agency situations.

I do not write this to say that dual agency is bad, wrong, or illegal. It can be done and be done successfully. I write this so people understand that agency clarification is important; do not treat it lightly. If you are potentially in a dual agency situation you must consider all the benefits and challenges.

This is why in California (and in many other states) agency clarification is the first form to be filled out in the real estate process. You want to know exactly who is representing who so you do not reveal information to 'the other side' accidently.

Let me finish with an interesting twist; 2 different people working for the same broker also creates dual agency. For example, I am with Century 21 Award. We have 14 offices in San Diego and Orange County with 100's of agents. I work out of the Rancho San Diego office and let us say I have a listing. A person that I do not know and have never met works for our Award office in La Mesa. That agent could bring a buyer to my listing, the buyers like it, and decide to make an offer. This is a dual agency because we both work for the same broker; Century 21 Award, even though we do not know each other and work out of different offices.

As always, if you have any questions about this or any real estate matter I am as close as an e-mail.